Which CEO is Singapore's top media darling?

23 Oct 2019 - Singapore Business Review
Piyush Gupta of DBS got the most attention from media outlets. DBS's CEO Piyush Gupta received the most coverage amongst Singapore media, but this doesn’t necessarily mean positive coverage as ST Engineering’s Vincent Chong received the most favourable attention, according to a study by media intelligence ...

Great Eastern opens new office in Paya Lebar Quarter

23 Oct 2019 - Singapore Business Review
The Grade A facility will host 1,400 financial representatives. Insurance agency Great Eastern has unveiled its new office at Paya Lebar Quarter, according to a press release. The 125,000 sq. ft. Grade A facility is located on the top four floors of PLQ Tower 3 and will host 1,400 Great Eastern financial ...

SPH net profit for FY2019 crashes 25% to $150.2m

23 Oct 2019 - Singapore Business Review
Media ad revenue slipped 12% YoY to $88.8m for 4Q. Singapore Press Holdings’ (SPH) net profit for fiscal year 2019 crashed 25% YoY to $150.2m. Core net profit for 4Q 2019 crashed by 45% YoY to $13.5m. Media ad revenue also took a hit and declined by 12% YoY to $88.8m in the same quarter. Downswing from ...

PropertyGuru withdraws Australian IPO

23 Oct 2019 - Singapore Business Review
The company stressed that it is not seeking new funds for business operations. Online property portal PropertyGuru has cancelled its proposed initial public offering (IPO) on the Australian Securities Exchange (ASX), according to a press release. PropertyGuru board cited the uncertainty in the current ...

Worker incomes doubled over two generations: MOF

23 Oct 2019 - Singapore Business Review
If they were at the same age, a Gen-2 worker would earn $2,800 monthly whilst a Gen-4 worker would get $5,900. Full-time generation 4 workers or those born in the 70s earned a median gross monthly income of $5,900 as at June 2018, compared to the $2,800 earned by a full-time worker in Gen-2 or those ...

Mapletree Logistics Trust raises $250m through private placement

23 Oct 2019 - Singapore Business Review
The placement was 13 times oversubscribed. Mapletree Logistics Trust’s (MLT) overnight private placement of about 154.61 million units at $250m went 13 times oversubscribed, the company announced. The issue price per unit was fixed at the top end of the price range at $1.617 following a book-building ...

Weak loan growth to hit OCBC's Q3 profits

23 Oct 2019 - Singapore Business Review
Loan growth could moderate to 3.2% over higher credit costs. OCBC’s net profit is expected to fall 9.1% YoY and 7.5% QoQ to $1.13b for Q3 2019, underpinned by higher credit costs in the quarter, according to UOB Kay Hian. Loan growth is also projected to moderate to 3.2% YoY in light of the government ...

Suntec REIT's NPI up 3.2% to $58.36m in Q3

23 Oct 2019 - Singapore Business Review
Revenue from Suntec City and contributions from 55 Currie Street boosted its growth. Suntec REIT's net property income (NPI) rose 3.2% YoY to $58.36m in Q3 2019, the company announced. Its gross revenue for the period likewise climbed 3.5% to $91.94m. The growth was attributed to higher revenue from ...

STI posted total return of 6% YTD

23 Oct 2019 - Singapore Business Review
Amongst constituents, Thai Beverage has the highest total return of 55%. The Straits Times Index (STI) has recorded a total return of 6% over 9M 2019, whilst its 30 constituents generated an average total return of 8.3% over the same period, according to an SGX report. This brought their one-year and ...

AVIA hosts the Asia Video Summit in Singapore amidst a time of seismic change, competition and consolidation

23 Oct 2019 - ACN Newswire
The Asia Video Industry Association (AVIA) will be holding its second Asia Video Summit this year from 4 - 6 November at the Ritz Carlton, Millenia, Singapore.With over 100 speakers representing 80 companies across the Asia Pacific region, the Asia Video Summit brings to its delegates a riveting line-up ...